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. <br /> � � 99 10668� <br /> H. As additional and collateral security for the loan, and <br /> effective forthwith upon filing of a Notice of Default, this <br /> instrument shall serve as an assignment by the TRUSTOR to the <br /> TRUSTEE, of all rents and revenues resulting from the <br /> property, and TRUSTEE is authorized to take possession of the <br /> property, rent or lease the same on terms he deems best and <br /> to collect the rents and revenues and apply the same upon <br /> unpaid interest, principal, taxes or insurance premiums or <br /> for maintenance and preservation of the premises . <br /> I . The waiver by TRUSTEE or BENEFICIARIES of any default of <br /> TRUSTOR under this Deed of Trust, on one occasion, shall not <br /> be or be deemed to be a waiver of any other or similar <br /> defaults subsequently occurring. <br /> J. If title to any part of the property herein shall be taken in <br /> condemnation proceedings, by right of eminent domain, or <br /> similar action, or shall be sold under threat of <br /> condemnation, all awards, damages and proceeds are hereby <br /> assigned and shall be paid to the BENEFICIARIES, who shall <br /> apply such payment, or any part thereof, in their sole <br /> discretion, to the sum due at that time on this Deed of Trust <br /> and Trust Deed Note, with any balance above the amount due <br /> hereunder payable to the TRUSTOR. <br /> K. The BENEFICIARES, their agents or representatives, are hereby <br /> authorized to enter, at any reasonable time, upon any part of <br /> the trust property for the purposes of inspecting the same <br /> and for the purpose of performing any of the acts they are <br /> authorized to perform under the terms of this Deed of Trust <br /> and other accompanying documents. <br /> L. This Deed of Trust and all accompanying documents are subject <br /> to, constructed and governed by the laws of the State of <br /> Nebraska for all purposes . <br /> M. In the event any one or more of the provisions contained in <br /> this Deed of Trust, Trust Deed Notes, or any other instrument <br /> given in connection with this transaction, shall for any <br /> reason be held to be invalid, illegal or unenforceable in any <br /> respect, such invalidity, illegality, or unenforceability <br /> shall, at the option of the BENEFICIARIES, not affect any <br /> other provides of this Deed of Trust or Trust Deed Note, but <br /> this Deed of Trust and Trust Deed Note shall be construed as <br /> if such invalid, illegal or unenforceable provision had never <br /> been contained therein, it being the intention of the parties <br /> 6 <br />